Latest from Banking

Co-Operative Bank expands Auckland arm

Banking may be increasingly moving online but The Co-Operative Bank is pushing to expand its branch presence, particularly in Auckland.

13pc pay rise: ANZ CEO now earns $4.7m

As ANZ's unionised staff seek a pay rise of 2 - 3 per cent, it's been revealed their NZ boss has enjoyed a solid pay rise of nearly 14 per cent, taking him to $4.7m.

ANZ chief's pay rises to $4.7m

ANZ New Zealand chief executive David Hisco has enjoyed a solid pay rise, with his total remuneration lifting almost 15 per cent to $4.7 million.

Four reasons NZX's on fire today

The New Zealand share market pushed higher to a new record high at midday today. Here are four reasons why.

Biometrics: the future of payments

Finger print identification, a standard feature on new iPhones will soon be common place, a visiting biometrics expert says.

Dollar slips as US holiday saps trading

Fighting fund to finance TPP battle

New Zealand businesses are planning a "fighting fund" for a pro-TPP campaign once a deal is finished and in the public arena, Prime Minister John Key was told.

NZX50 powers back

The New Zealand share market has continued its record-breaking run, with the NZX50 Index hitting its highest ever point.

Changes to LVR policy signalled

Loan to value ratios on bank mortgage lending could be in for a change this week when the Reserve Bank releases its financial stability report.

Dollar drops below 77 US cents

Banks' profits explode as bad debts go

Westpac NZ's record annual cash profit of $864m confirms a bumper year for the big banks. In fact, at $4.1b, that's almost $1000 for every man, woman and child in NZ.

In the red over bank error

A business owner who was mistakenly given thousands of dollars by his bank later had his account put into the red without warning.

NZ dollar touches month-low vs greenback

Westpac earnings up on home loans, services

Westpac NZ has reported a 13 per cent rise in annual cash earnings to $864m helped by a rise in lending and improving bad debts.

Dollar jumps against yen after BoJ increases stimulus

Market waiting on rate swaps probe

The Commerce Commission has missed its own deadline on whether it will file court action against three banks involved in its interest rate swaps probe.

Diana Clement: Mortgage options available to get up ladder

Getting a mortgage is much harder than it was before the global financial crisis. No longer will banks lend willy-nilly.

Generous banks lure in clients

Banks are offering cash, TVs and furniture vouchers to entice customers into taking out home loans - but experts warn consumers not to be taken in.